Akero Therapeutics Inc’s recent filing unveils that its Officer PATRICK D LAMY acquired Company’s shares for reported $28890.0 on Dec 16 ’24. In the deal valued at $28.89 per share,1,000 shares were bought.
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Then, Rolph Timothy sold 4,818 shares, generating $148,934 in total proceeds. Upon selling the shares at $30.91, the Chief Scientific Officer now owns 178,337 shares.
Before that, Young Jonathan sold 2,503 shares. Akero Therapeutics Inc shares valued at $77,067 were divested by the Chief Operating Officer at a price of $30.79 per share. As a result of the transaction, Young Jonathan now holds 203,783 shares, worth roughly $5.96 million.
Citigroup initiated its Akero Therapeutics Inc [AKRO] rating to a Buy in a research note published on November 18, 2024; the price target was $65. Cantor Fitzgerald began covering AKRO with “an Overweight” recommendation on September 19, 2023. UBS started covering the stock on August 28, 2023. It rated AKRO as “a Buy”.
Price Performance Review of AKRO
On Monday, Akero Therapeutics Inc [NASDAQ:AKRO] saw its stock jump 1.18% to $29.23. Over the last five days, the stock has lost -6.07%. Akero Therapeutics Inc shares have risen nearly 25.18% since the year began. Nevertheless, the stocks have risen 30.96% over the past one year. While a 52-week high of $37.00 was reached on 03/04/24, a 52-week low of $15.32 was recorded on 02/06/24. SMA at 50 days reached $30.75, while 200 days put it at $25.94.
Levels Of Support And Resistance For AKRO Stock
The 24-hour chart illustrates a support level at 28.61, which if violated will result in even more drops to 27.99. On the upside, there is a resistance level at 29.71. A further resistance level may holdings at 30.19. The Relative Strength Index (RSI) on the 14-day chart is 42.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.17%. Stochastics %K at 12.26% indicates the stock is a buying.
How much short interest is there in Akero Therapeutics Inc?
A steep rise in short interest was recorded in Akero Therapeutics Inc stocks on 2024-11-29, dropping by -0.53 million shares to a total of 3.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.82 million shares. There was a decline of -16.24%, which implies that there is a negative sentiment for the stock.
